Long
Nasdaq medium term view
weekly demand zone at 12962 provided a buying with a breach of 21 dema and last created supply area, thus confirmation of sustained buying from zone.
candlestick too form N reversal at demand.... a bullish sign.
The way forward:- it is in a weak supply zone with a small supply zone of 14590-14675 over head that may pushback to 21 dema for further rally to 15840-16021 daily supply area which can increase volatility in mid term.
candlestick too form N reversal at demand.... a bullish sign.
The way forward:- it is in a weak supply zone with a small supply zone of 14590-14675 over head that may pushback to 21 dema for further rally to 15840-16021 daily supply area which can increase volatility in mid term.
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